ADVERTISEMENT

IMF says economy to expand close to 7 pct in 2016

The IMF said in a statement that inflation, which averaged 5.6 percent in 2015, was expected to "decrease further"

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas

The International Monetary Fund said on Wednesday it estimates Tanzania's economy expanded by 7 percent last year.

The world financial body then forecast growth to be close to that again in 2016.

The IMF said in a statement that inflation, which averaged 5.6 percent in 2015, was expected to "decrease further in the coming months, remaining close to the authorities' medium-term target of 5 percent."

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue

Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue

Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA

Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA

Court accuses EFCC boss of contempt over handling of Yahaya Bello's case

Court accuses EFCC boss of contempt over handling of Yahaya Bello's case

Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers

Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers

Bandits invade Defence Minister's hometown, kill 1, abduct scores

Bandits invade Defence Minister's hometown, kill 1, abduct scores

Cardiologist bags 4-year jail term over patient deaths

Cardiologist bags 4-year jail term over patient deaths

We must continue to support President Tinubu - Ododo tells Kogi residents

We must continue to support President Tinubu - Ododo tells Kogi residents

Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund

Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund

Husband begs IGP to find his wife who went missing on official police duty

Husband begs IGP to find his wife who went missing on official police duty

ADVERTISEMENT
ADVERTISEMENT